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      "text": "Impacts from special items include:\n$1.6bn impairment of De Beers:\n• Lower GDP growth forecast due to macroeconomic uncertainty in key markets\n• USD strength vs consumer currencies\n• Updated views on LGDs, life of asset plans &, less significantly, GRB agreements\n$0.8bn impairment of Nickel:\n• H1 2023: $0.4bn due to changes in long term cost profile\n• H2 2023: $0.4bn driven by lower short & medium term price outlook",
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      "text": "Effective tax rate 18\n38.5% vs 34.0% in 2022\nDriven by:\n• profit mix – more from Quellaveco, less from PGMs & De Beers\n• deferred tax impact from new Chile royalty",
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